17107/12 FL/ne 1 DG E 2 A COU CIL OF THE EUROPEA U ... - Europa
17107/12 FL/ne 1 DG E 2 A COU CIL OF THE EUROPEA U ... - Europa 17107/12 FL/ne 1 DG E 2 A COU CIL OF THE EUROPEA U ... - Europa
(31) The European Union and most Member States are party to the United Nations Convention on the Rigths of Persons with Disabilities while the remaining Member States are in the process of ratifying it. It is important in the implementation of the relevant projects that accessibility for persons with disabilities as mentioned in article 9 of the Convention.is considered in the specification of the projects. (32) The financial instruments to be implemented under this Regulation should reflect the rules provided in Title VIII of Regulation (EU) No XXX/2012 [New financial regulation] and the Delegated Act and in line with best practice rules applicable to financial instruments. 21 (33) Fiscal measures in many Member States will drive or have already driven public authorities to reassess their infrastructure investment programmes. In this context, PPPs have been viewed as an effective means of delivering infrastructure projects ensuring the achievement of policy objectives such as combating climate change; promoting alternative energy sources as well as energy and resource efficiency, supporting sustainable transport and the deployment of broadband networks. The Commission committed in its PPP Communication of 19 November 2009 22 to improving access to finance for PPPs by broadening the scope of existing financial instruments. (34) Even though the bulk of the investment under Europe 2020 Strategy can be delivered by markets and regulatory measures, the financing challenge require public interventions and Union support by grants and innovative financial instruments. Financial instruments should be used to address specific market needs, in line with the objectives of the Connecting Europe Facility, and should not crowd out private financing. Before deciding to use financial instruments, the Commission should carry out ex-ante assessments of these instruments. 21 COM(2011)xxx, A framework for the next generation of financial instruments. 22 Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions “Mobilising private and public investment for recovery and long term structural change: developing Public Private Partnerships”, COM(2009) 615 final. 17107/12 FL/ne 14 ANNEX DG E 2 A E
(35) The EU Budget Review 23 emphasised that the norm for projects with long-term commercial potential should be the use of Union funds in partnership with the financial and banking sectors, particularly the European Investment Bank (''EIB'') and Member States’ public financial institutions, but also with other international financial institutions and the private financial sector. (36) In the Europe 2020 Strategy, the Commission pledged to mobilise Union financial instruments as part of a consistent funding strategy, that pulls together Union and national public and private funding for infrastructures. This is based on the rationale that in many cases sub-optimal investment situations and market imperfections may be more efficiently tackled by financial instruments than by grants. (37) The Connecting Europe Facility should propose financial instruments to promote substantial participation by the private sector investors and financial institutions in infrastructure investment. To be sufficiently attractive to the private sector, financial instruments should be designed and implemented with due regard to simplification and reduction of administrative burden, while with a level of flexibility in mind to be able to respond to identified financing needs in a flexible manner. The design of these instruments should draw from the experience gained in the implementation of financial instruments in the 2007-2013 Multi-Annual Financial Framework, such as the Loan Guarantee instrument for TEN-T projects (LGTT), the Risk Sharing Finance Facility (RSFF) and the 2020 European Fund for Energy, Climate Change, and Infrastructure (the ''Marguerite Fund''). 23 Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee, the Committee of the Regions and the National Parliaments "The EU Budget Review", 19.10.2010, COM(2010) 700 final. 17107/12 FL/ne 15 ANNEX DG E 2 A E
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(35) The EU Budget Review 23 emphasised that the norm for projects with long-term commercial<br />
potential should be the use of Union funds in part<strong>ne</strong>rship with the financial and banking<br />
sectors, particularly the European Investment Bank (''EIB'') and Member States’ public<br />
financial institutions, but also with other international financial institutions and the private<br />
financial sector.<br />
(36) In the Europe 2020 Strategy, the Commission pledged to mobilise Union financial<br />
instruments as part of a consistent funding strategy, that pulls together Union and national<br />
public and private funding for infrastructures. This is based on the rationale that in many<br />
cases sub-optimal investment situations and market imperfections may be more efficiently<br />
tackled by financial instruments than by grants.<br />
(37) The Con<strong>ne</strong>cting Europe Facility should propose financial instruments to promote substantial<br />
participation by the private sector investors and financial institutions in infrastructure<br />
investment. To be sufficiently attractive to the private sector, financial instruments should be<br />
desig<strong>ne</strong>d and implemented with due regard to simplification and reduction of administrative<br />
burden, while with a level of flexibility in mind to be able to respond to identified financing<br />
<strong>ne</strong>eds in a flexible man<strong>ne</strong>r. The design of these instruments should draw from the experience<br />
gai<strong>ne</strong>d in the implementation of financial instruments in the 2007-2013 Multi-Annual<br />
Financial Framework, such as the Loan Guarantee instrument for TEN-T projects (LGTT),<br />
the Risk Sharing Finance Facility (RSFF) and the 2020 European Fund for E<strong>ne</strong>rgy, Climate<br />
Change, and Infrastructure (the ''Marguerite Fund'').<br />
23 Communication from the Commission to the European Parliament, the Council, the European<br />
Economic and Social Committee, the Committee of the Regions and the National Parliaments<br />
"The EU Budget Review", 19.10.2010, COM(2010) 700 final.<br />
<strong>17107</strong>/<strong>12</strong> <strong>FL</strong>/<strong>ne</strong> 15<br />
ANNEX <strong>DG</strong> E 2 A E
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